Definition of deficit spending in English:
Government spending, in excess of revenue, of funds raised by borrowing rather than from taxation.
- As in Chile, this massive redirection of funds from government deficit spending into private investment could raise U.S. economic growth to a new level altogether.
- The government finances its deficit spending by inflation.
- Growth requires new money that finances deficit spending by firms and consumers.
Definition of deficit spending in:
- British & World English dictionary
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